Gold rose again as Middle East tensions increase
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Trading Analysis - 24th February 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1792.80 - $ 1799.20 - $ 1809.00
Support Levels:
$ 1776.60 - $1766.80 - $1760.40
Strategy:
Buy on Dips
(Buy positions above 1770 with targets @ 1786 and 1797, a downward penetration and fall below 1770 will call for 1762 and 1750.)
SILVER
Resistance Levels:
$ 36.03 - $ 36.51 - $ 37.41
Support Levels:
$ 34.65- $ 33.75 - $ 33.27
Strategy:
Buy on Dips
(Buy positions above 34.50 with targets @ 35.30 and 35.70. a fall below 34.40 will call for 33.95.)
CRUDE OIL
Resistance Levels:
$ 109.20 - $ 110.60 - $ 112.50
Support Levels:
$ 105.90 - $ 104.05 - $ 102.65
Strategy:
Buy on Dips
(Buy above 108 targeting 108.70 and 109.20, a fall below 106.40 will call for 105.40 and 104.60.)
Friday, 24 Feb, 2012 / 5:50
Source : http://www.acmgold.com/news-analysis
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